I am going to assume you are an actor or a voiceover artist otherwise you won’t have landed on this page. Whether you are just starting out in the industry, or you have been an actor a while & just not sure if you are doing this correctly, then we are the first place to come to with regards to tax advice for actors.
Often acting performers are self employed. So completing a self assessment tax return is a must. We offer tax advice to performers to make sure your HMRC obligations are met. Oh, did you not know you had to do a tax return as an actor?
The tax return can be a very harrowing document, and very time consuming to fill in, particularly as a busy actor, who would rather be thinking about your next stage, film or theater casting assignment. Actors tax is an area of specialism that sets us apart from other accountants.
Tax information for actors, from a fellow performer.
I have been in your shoes, as a trained opera singer and performer myself, I know that completing your tax returns, or keeping your books in great order, can stop you from focusing on your performing.
The time you will invest as an actor in filling in tax returns, could be much better spent on reading scripts or learning your lines for the role in your next movie or Theater production.
The goal of performance Accountancy is to help you keep your tax and financial affairs in great order, to allow you to focus on being creative and doing what you love most, acting.
Performance Accountancy provide the very best tax advice for actors, and performing artists just like you, to make sure you are financially strong and keeping in the good books of the Inland Revenue.
Tax guidance for Actors
To help you understand what expenses you may claim as an actor, performing artist or entertainer, we have created a free white paper that you can download and read at your leisure.
As a simple rule, you can allocate whatever costs you feel are incurred wholly and exclusively for your business as an actor.
However, not all of these costs may be allowable for tax; a typical example is taking your agent out for a meal to discuss a contract…
…It is a cost you have of running yourself as a business, but it is specially excluded as an allowable cost for taxation as it is classed as entertainment. There is a specific page for actors in the Business Income Manual from HMRC which supports why we disallow certain costs >>>>> https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim50160 <<< So check this out later.
For more information in expenses, please go to >>> https://performanceaccountancy.co.uk/allowable-expenses/ and there is an opportunity to download that very useful chapter of my book written just for you.
Performance Accountancy has been giving advice for actors, musicians and performers for many years.
If you are an actor, performer or entertainer, and would like a no-obligation 30 minute chat to discuss your accounting, bookkeeping and taxation concerns then please contact us.
You can also tell us about you, and we can be in touch shortly.
If that’s not enough options, call us on 01344 669084**
*Please note that calls to this number may be recorded for use in training purposes and as memory joggers.